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Australian Banks
$50 Million Penalties Loom for Companies Allowing Scams Under Proposed Australian Law
A proposed new code aims to stop Australians losing almost $3 billion to scammers as they did last year.
September 13, 2024
BY
Rex Widerstrom
Most Populous Australian States Struggling Compared to Smaller Regions: CEO
NAB's CEO says WA, QLD, and NT see strong growth, but an economic divide persists.
August 30, 2024
BY
Naziya Alvi Rahman
Australian Lenders Failing to Assist Struggling Customers: ASIC
Despite being required by law to have processes to assist customer who are in debt, banks have made ...
May 19, 2024
BY
Rex Widerstrom
Banks Not Paying Customers Enough Interest: ACCC
The ACCC has found that in the first six months of 2023, on average 71 percent of eligible ...
December 17, 2023
BY
Rex Widerstrom
Savers Miss out as Australian Banks Exploit ‘Consumer Inertia’
Switching bank accounts and updating payment details is an inconvenience the consumer watchdog wants streamlined to stoke competition ...
December 15, 2023
BY
AAP
Banks Declare War on Scams With Warnings for New Payees
Australian banks will warn customers to exercise caution before transferring money to someone new in an industry-wide crackdown ...
November 24, 2023
BY
AAP
Major Bank Backs National Digital ID ‘For All Australians’
National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ...
November 13, 2023
BY
Monica O’Shea
Inquiry into Regional Bank Closure Reveals Shocking Shortfalls in Decision Making
A senate inquiry into bank closures in regional Australia has revealed shortfalls in banks’ decision-making leading to the ...
May 24, 2023
BY
Sophia Jiang
Australian Banks Launch New Platform to Help Halt Fraudulent Payments
Australian banks launched a new digital platform on May 16 to help stop customers from losing money to ...
May 17, 2023
BY
Sophia Jiang
Major Australian Bank Starts Cutting Cash Services At Branches
One major Australian bank has begun phasing out cash transactions at a number of its branches saying it ...
April 7, 2023
BY
Lis Wang
‘Fast Path to Extreme Financial Hardship’: Consumer Groups Call for Buy Now, Pay Later Regulation
A group of international consumer groups across 10 countries, including Australia, New Zealand, and the United States, are ...
March 16, 2022
BY
Rebecca Zhu
More Help Arrives For Flood-stricken Areas in Australia
Insurance assessors, communication technicians and banking staff have arrived in flood-impacted areas of Queensland and New South Wales ...
March 14, 2022
BY
Alfred Bui
Australian Banking Taskforce to Assess Impact of Bank Branch Closures in Regional Areas
A government taskforce involving the big four banks, peak bodies, and Australia Post will examine the impact of ...
October 22, 2021
BY
Rebecca Zhu
World’s Biggest Coal Export Port Loses Funding Over Climate Change
ANZ will no longer fund the world’s biggest coal export port at Newcastle on the back of the ...
February 9, 2021
BY
Rebecca Zhu
Australian Government Flags Eased Rules for Borrowers
Relaxed rules around property loans are expected to help thousands of Australians get into their first home sooner. ...
September 25, 2020
BY
AAP
Westpac to Pay Australia’s Largest Fine for Breaching Laws That Stop Terrorism, Child Exploitation
Westpac has agreed to pay $1.3 billion, the largest fine in Australian corporate history, to settle a case ...
September 23, 2020
BY
Daniel Y. Teng
Australian Banks Will Feel Virus Heat Next Year: ANZ Chief
ANZ's chief expects banks to feel the worst of the COVID-19 pandemic in the middle of next year. ...
September 3, 2020
BY
AAP
Australian Banks to Extend Home Loan Deferral to Customers in Need
The Australian Banking Association (ABA) announced on July 8 a second wave of financial support to help customers cope ...
July 9, 2020
BY
Sophia Jiang
Australian Banks Promise to Help Customers: Treasurer
Australia's major banks have assured the Morrison government they will continue supporting customers affected by the COVID-19 pandemic. ...
June 27, 2020
BY
AAP
Australian Banks Urged to Continue Supporting Households and Businesses as Relief Measures Are Reviewed
Australia’s top financial regulators have urged banks to tap into their capital buffers to continue supporting households and ...
June 25, 2020
BY
Sophia Jiang
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
2hr
By
T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
3hr
By
Jacki Thrapp
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
4hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
4hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
6hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
7hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
7hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
11hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
12hr
By
Naveen Athrappully
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
18hr
By
Melanie Sun